Ethereum ETP had a net outflow of about $63.5 million last week
According to Bloomberg data cited in ETC Group's weekly report, global net outflows of Ethereum ETP were about $63.5 million last week, with the ETF listed in Hong Kong suffering the biggest losses. Meanwhile, Bitcoin ETP saw net inflows of $92.5 million last week. There may be several reasons why Ethereum has lost favor with investors, including fierce L1 competition and uncertainty surrounding the approval of a US Ethereum spot ETF.
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